Nvidia shares have lost more than $220 billion in value since its fourth quarter earnings report on Wednesday.

Nvidia’s total market value as of the close Wednesday, before the release of its earnings report. That’s second in the S&P 500 behind Apple ($3.611 trillion). Microsoft is third with a market value just below $3 trillion ($2.972 trillion). Two years ago, Nvidia’s market value was below $600 billion.

For the first time since 2022, Nvidia stock has fallen in the weeks leading up to the chip maker's earnings. Since the end of the last calendar quarter, Dec. 31, Nvidia stock has dropped 5.7%. That includes a 2.

Key Takeaways Nvidia shares slid Monday, extending last week’s post-earnings losses amid concerns about AI spending and the potential impact of policies on tariffs and AI chip export restrictions.The Trump administration is reportedly seeking to tighten chip export curbs,